Information on income tax , social welfare and budget changes.
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1. FINE GAEL’S VIEW BUDGET 2011
INFORMATION
Fine Gael Finance Spokesman Michael Noonan TD has said the Government’s last
Budget flunks the job-creation challenge, hits the most vulnerable and puts yet more
pressure on lower and middle income earners.
“The Government’s policies have wrecked the economy and destroyed the Cllr RUAIRI
MC GINLEY
confidence of the people, put 450,000 people out of work, forced our adult children
to emigrate, increased poverty and undermined any concept of a just society.
There is not a single progressive idea to support job creation to get our economy
growing again. The lack of substantive new ideas on jobs and growth, together with
the Government’s commitment to continue its failed ‘blank cheques’ banking policy,
is why its plan is not workable and why we cannot support it.
Fine Gael pledged not to impose income tax hikes next year. Yet the Government has
directly targeted the lower and middle income families in a dangerous vice. A one
income family with three children on €40,000 will lose almost €1,700 a year. A single
person on the minimum wage will be €1,200 worse off. MAIN BUDGET CHANGES
You cannot cut and tax your way out of recession. You can only grow out of recession.”
u NEW UNIVERSAL SOCIAL CHARGE (USC) UP TO 7%
I hope this guide provides useful information. Please contact me if I can be of assistance
u SOCIAL WELFARE PAYMENTS - REDUCED BY 4% FOR THOSE OF WORKING AGE.
Cllr. Ruairi McGinley
u PUBLIC SERVICE PENSIONS OVER E12,000 CUT BY AVERAGE OF 4%
WEEKLY ADVICE CLINICS every Tuesday evening
u TAX CREDITS REDUCED BY %10
146 Sundrive Road Crumlin 7pm every Tuesday
Village Inn Lisle Road Crumlin 8pm every Tuesday u DIESEL WILL GO UP BY 2C A LITRE AND PETROL UP BY 4c A LITRE.
Your local Fine Gael team - Working For You u CHILD BENEFIT CUT BY E10 FOR FIRST TWO CHILDREN E20 FOR THIRD CHILD
& E10 FOR EACH SUBSEQUENT CHILD
published by Ruairi McGinley Lucan Co Dublin , Printed by Westside Press Tallaght
u FLAT RATE OF 1% STAMP DUTY ON ALL RESIDENTIAL PROPERTY TRANSACTIONS
This Budget is affecting lower income families by just as much as richer families.
Cllr. Ruairi McGinley Catherine Byrne TD Gay Mitchell MEP Cllr. Colm Brophy Disposable income for all families will reduce by 3% - 5% as a direct result of this Budget.
Ph: 086 830 1111 Ph: 618 3083 Ph: 496 1940 Ph: 414 9015
e-mail: ruairi.mcginley@dublincity.ie | Tel: 086-8301111 m e-mail: ruairi.mcginley@dublincity.ie | Tel: 086-8301111 m
2. Changes in Maximum Weekly Rates of Social Welfare from January 2011 Changes in Tax from January 2011
Present New
Rate Rate 2010 2011
PERSONAL AND QUALIFIED ADULT RATES
State Pension (Contributory) Standard Rate Tax Bands*
Under 80: Single/Widowed Persons 36,400 32,800
Personal rate 230.30 230.30
Person with qualified adult under 66 383.80 383.80 Married Couples One Income 45,400 41,800
Person with qualified adult 66 or over 436.60 436.60 Married Couples Two Income 72,800 65,600
Widow’s/Widower’s Contributory Pension One Parent/Widowed Parent 40,400 36,800
(i) Under 66: 201.50 193.50
(ii) 66 and under 80: 230.30 230.30
(iii) 80 or over: 240.30 240.30 Universal Social Charge (USC)
Invalidity Pension: Health Levy and Income Levy to be abolished 0% < €4,004
Under 65:
Personal rate 201.50 193.50
and replaced by a new Universal Social Charge 2% €0 to €10,036
Person with qualified adult under 66 345.30 331.60 on a revenue-neutral basis, in 2011, at the 4% €10,037 to €16,016
Person with qualified adult 66 or over 407.80 399.80 following rates and thresholds: 7% > €16,016
Carer’s Benefit
Personal rate 213.00 205.00
Age Exemption Limits for people 66 & over from 1 January 2011
Illness/Jobseeker’s Benefit
Personal rate 196.00 188.00 Existing Proposed
Person with qualified adult 326.10 312.80 € €
Increases for a qualified child
All schemes in respect of all children, 29.80 29.80 Single 20,000 18,000
Married 40,000 36,000
PERSONAL AND QUALIFIED ADULT RATES
State Pension (Non-Contributory) Tax Credits from 1 January 2011
Under 80:
Personal rate 219.00 219.00
Employee Tax Credit 1,830 1,650
Person with qualified adult under 66 363.70 363.70 Personal Tax Credits - single 1,830 1,650
Blind Person’s Pension - married 3,660 3,300
Personal rate 196.00 188.00 Widowed person bereaved in
Person with qualified adult under 66 326.10 312.80
year of assessment 3,660 3,300
Widow’s/Widower’s Non-Contributory Pension
Personal rate 196.00 188.00 One Parent Family Tax Credit 1,830 1,650
One-Parent Family Payment
Personal rate with one qualified child (child not aged 18) 225.80 217.80 Child Benefit
Carer’s Allowance (i) First and Second Children 150.00 140.00
(i) Under 66 212.00 204.00
(ii) 66 or over 239.00 239.00
(ii) Third Child 187.00 167.00
Disability Allowance (iii) Fourth & Subsequent Children 187.00 177.00
Personal rate 196.00 188.00
Person with qualified adult 326.10 312.80 Abolition of Tax Relief for Trade Union Subscriptions.
Supplementary Welfare Allowance
Personal rate 196.00 186.00
Person with qualified adult 326.10 310.80 Restriction of the Tax Free element of ex-gratia termination payments to €200,000
Jobseeker’s Allowance effective January 1st.
20 and 22 years of age Personal rate 100.00 100.00
Person with qualified adult 200.00 200.00
22 to 24 years of age Personal rate 150.00 144.00
Tax relief on private pensions to be reduced over 3 years to 2014 & in 2011 Tax relief
Person with qualified adult 280.10 268.80 from the Universal Social Charge will not be available.
Over 25 years of age Personal rate 196.00 188.00
Person with qualified adult 326.10 312.80